National Dairy Development Board (NDDB) conducted a national seminar of Dairy Cooperatives during November 17-18, 2014 in Anand wherein representatives from various dairy cooperatives participated. During the deliberations, it was mentioned that dairy commodity transactions are being traded through tender purchase and due to longer time cycle in the existing system, participating dairies are exposed to the price volatility. Further, prices are localised and the dairies need to incur advertisement costs, travelling etc.
Considering the above, the participants suggested that an alternative can be an internet based national platform for marketing of dairy commodities. Participants suggested that the NCDFI should consider working as a National Platform for this purpose. This would ensure transparent, fair and economic dealings for all member cooperatives. It would be also a good platform to discover the best price at a given time for both buyer and seller.
Accordingly, with continued guidance from the NDDB, NCDFI initiated e-portal ‘NCDFI eMarket’ for the trading of dairy commodities. Subsequently, the services are extended to agri commodities, minerals and packing materials. Technical support for the e-portal is being provided by NCDEX eMarkets Ltd (NeML), a 100% subsidiary of NCDEX.